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[video clip] >> my tax plan has lowered taxes for 98% of families, but i also lowered taxes for small businesses 18 times. what i want to do is continue the tax rates, the tax cuts we put into place for small businesses and families, but i have said for incomes over $250,000 per year that we should go back to the rates we had when bill clinton was president creating 23 million new jobs and creating more millionaires to boot. we can not only reduce the deficit, encourage job growth through small businesses that we're able to make the investments that are necessary in indication our energy. host: president obama wednesday night at the first debate. alan viard. guest: there are a few things i would take issue with. the bush tax cut to expire for the high income levels and we would be going back to the rate prevailed under president clinton. that is not quite right. there will be a new tax called the unearned medicare income tax will impose an extra 3.8% on interest, dividends, and capital gains. that will be 3.8% higher than clinton tax rates. there will also be a medicare tax will incre
[video clip] >> my tax plan has lowered taxes for 98% of families, but i also lowered taxes for small businesses 18 times. what i want to do is continue the tax rates, the tax cuts we put into place for small businesses and families, but i have said for incomes over $250,000 per year that we should go back to the rates we had when bill clinton was president creating 23 million new jobs and creating more millionaires to boot. we can not only reduce the deficit, encourage job growth through...
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Oct 8, 2012
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a tax cut for millionaires. a tax cut for millionaires. next april, david cameron will be writing a check for £40,000 to each and every millionaire in britain. not just for one year. but each and every year. that is more than the average person earns in a whole year. at the same time as they're imposing a tax on pensioners next april. friends, we, the labour party, the country knows it is wrong. it is wrong what they're doing. it shows their priorities. and here's the worse part. david cameron isn't just writing the checks. he is receiving one. he's going to be getting the millionaire's tax cut. [applause] so next week maybe mr. cameron can tell us how much is he awarding himself in a tax cut? how much is that tax cut he is awarding himself? for a job, i guess he thinks is a job well done. how many of his other cabinet colleagues have checks in the post from the millionaire's tax cut? and how can he justify this unfairness in britain 2012. and of course let's not forget this tax cut wouldn't be happening without nick clegg and the liberal
a tax cut for millionaires. a tax cut for millionaires. next april, david cameron will be writing a check for £40,000 to each and every millionaire in britain. not just for one year. but each and every year. that is more than the average person earns in a whole year. at the same time as they're imposing a tax on pensioners next april. friends, we, the labour party, the country knows it is wrong. it is wrong what they're doing. it shows their priorities. and here's the worse part. david cameron...
SFGTV2: San Francisco Government Television
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Oct 10, 2012
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it's also a progressive tax, unlike the current flat tax it's a tax that exempts small businesses that have revenues of less than a million dollars but it also increases taxes for our most successful and our largest businesses. then the last thing i will mention, it is a tax that will help to recoup the revenues that we lost 10 years ago to make sure we have money for affordable housing, for muni, public safetying and public health . >> starchild, why do you think we should vote against this proposition? >> i agree with everything supervisor chiu said about payroll tax. if this measure were revenue neutral, if it were substituting a gross receipts tax for a tax on payroll, the libertarian party would have supported it. but unfortunately some people at city hall got greedy and so the measure is actually a 25.8 million dollars a year tax increase. during a recetion, people are suffering, many people unemployed, many people in san francisco are earning minimum wage, thousands of course on our streets. it's the wrong time to be raising taxes on businesses because the largest employers, of
it's also a progressive tax, unlike the current flat tax it's a tax that exempts small businesses that have revenues of less than a million dollars but it also increases taxes for our most successful and our largest businesses. then the last thing i will mention, it is a tax that will help to recoup the revenues that we lost 10 years ago to make sure we have money for affordable housing, for muni, public safetying and public health . >> starchild, why do you think we should vote against...
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Oct 13, 2012
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look at the tax cuts, what tax cuts? they're talk about taking a status quo, tax rate that exist today, increasing the higher rates on people who earn more money. millionaires and billionaires like dry cleaners, you know, mechanics and other people like that. when you and i both know spending is so massive they will try back tax and tax 401(k)s and raise taxes on the middle class. what is the answer? the answer is controlling government. firm, spending, caps over -- >> neil: they can't. they can't mark. whether they do it now or not, whether they play the smoke and mirrors or not sex they don't and it's clear to you and others that they're not. what do you think happens? >> it's over. then it's over. the economy is going to collapse. peep think just because it's america we'll survive mishandling of the finances. we're not guaranteed economic prosperity in this country and we won't have it if it keeps up. >> neil: to that point, we are just getting this in to our news room. this is an interview with reuters saying that he
look at the tax cuts, what tax cuts? they're talk about taking a status quo, tax rate that exist today, increasing the higher rates on people who earn more money. millionaires and billionaires like dry cleaners, you know, mechanics and other people like that. when you and i both know spending is so massive they will try back tax and tax 401(k)s and raise taxes on the middle class. what is the answer? the answer is controlling government. firm, spending, caps over -- >> neil: they can't....
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Oct 8, 2012
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>> he proposes a 20% across-the- board tax cuts. >> marginal tax rate. >> alternative minimum tax. he proposes tax deductions in real-estate to reduce the deficits. what this means is, over time, $45 billion over the next decade. >> we are running short on time. the dough and paul debate. >> this is a deadly earnest. how they can justify raising taxes on the middle-class, who have been buried the last four years. how, in lord's name, can they justify raising their taxes? >> vice-president biden just today said that the middle-class over the last of we were years has been ". ." we agree. that means we need to stop digging by electing mitt romney the next president of the united states. >> what did you think, jonathan? >> you talk to a lot of folks in the romney campaign and they say joe biden is the gift that keeps on giving. you saw him pause when he said four years. i think he meant to say the last 10 years, and it came out wrong. this is fodder for the obama campaign. it will not change, i do not think, in a huge way, the course of events, but there is no question the obama campa
>> he proposes a 20% across-the- board tax cuts. >> marginal tax rate. >> alternative minimum tax. he proposes tax deductions in real-estate to reduce the deficits. what this means is, over time, $45 billion over the next decade. >> we are running short on time. the dough and paul debate. >> this is a deadly earnest. how they can justify raising taxes on the middle-class, who have been buried the last four years. how, in lord's name, can they justify raising their...
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not reading taxes is not cutting taxes. by the way, our budget -- >> we have not -- >> 3% a year instead of 4.5% like they proposed. >> let me calm down things here just for a minute. i want to talk to you very briefly before we go to closing statements about your own personal character. if you're elected, what could you both give to this country as a man, as a human being that no one else could? >> honesty. no one else could? there are plenty of fine people who could lead this country. but what you need are people who when they say they're going to do something, they go do it. what you need are when people see problems, they offer so
not reading taxes is not cutting taxes. by the way, our budget -- >> we have not -- >> 3% a year instead of 4.5% like they proposed. >> let me calm down things here just for a minute. i want to talk to you very briefly before we go to closing statements about your own personal character. if you're elected, what could you both give to this country as a man, as a human being that no one else could? >> honesty. no one else could? there are plenty of fine people who could...
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my tax plan. number 2, i will not reduce the share of high-paid income individuals. i know it's a popular thing to say with a lot of people, but it is just not the case. vifive boys. i am used to people saying something that is not always true and keep repeating it and hoping i will believe it. but that is not the case. all right? i will not reduce the taxes paid by high-income americans. number 3, i will not under any circumstances raise taxes on middle-income families. i will lower taxes on middle-income families. you cite a study. six other studies look at the study you describe and say it's wrong. i saw a study that said today you are going to raise taxes $3- to $4,000 on middle-income families. throw the studies out there. the bottom line is, i want to bring the rates down, at the same time, lower deductions and exemptions and credits and so forth so we keep getting the revenue we need. you thinks, why lower the rates? and the reason is because small business pays that individualerate. 54% of
my tax plan. number 2, i will not reduce the share of high-paid income individuals. i know it's a popular thing to say with a lot of people, but it is just not the case. vifive boys. i am used to people saying something that is not always true and keep repeating it and hoping i will believe it. but that is not the case. all right? i will not reduce the taxes paid by high-income americans. number 3, i will not under any circumstances raise taxes on middle-income families. i will lower taxes on...
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according to the tax policy center, last year the bush tax cuts increased after -- after tax incomes for people making over $1 million by an average of 6.2%. that's about $129 a household but for those with incomes between $40,000 and $50,000 the increase was 2.2%. over time, our tax code has wydened the nation's wealth gap. reversing this trend ought to be a top goal of tax reform. at a minimum we certainly should not make the tax code any less progressive than it would be if the high income tax cuts expired. but in 1986 approach -- sorry, in 1986 style approach that promises upfront rate cuts to the wealthy is almost guaranteed to give middle income earners the short end of the stick. the reason is in order to raise enough money to both reduce rates and cut the deficit you would need to slash deductions and credits on a far greater scale than we did in 1986. middle income earners would not be spared. and because middle income earners so rely on these expenditures, the cost of losing them would likely exceed the benefit they received from a lower great. multiple experts verified tha
according to the tax policy center, last year the bush tax cuts increased after -- after tax incomes for people making over $1 million by an average of 6.2%. that's about $129 a household but for those with incomes between $40,000 and $50,000 the increase was 2.2%. over time, our tax code has wydened the nation's wealth gap. reversing this trend ought to be a top goal of tax reform. at a minimum we certainly should not make the tax code any less progressive than it would be if the high income...
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and so scratch the average republican today, and he'll say, "tax cuts, tax cuts, tax cuts." >> cut taxes. >> cutting taxes. >> make the tax cuts permanent. >> it's rank demagoguery. we should call it for what it is. if these people were all put into a room on penalty of death to come up with how much they could cut, they couldn't come up with $50 billion when the problem is $1.3 trillion. so to stand before the public and rub raw this anti-tax sentiment, the republican party, as much as it pains me to say this, should be ashamed of themselves. >> this from ronald reagan's old budget director, architect of the largest tax cut in american history? but he doesn't let the democrats off the hook. he says he cringes when he hears the president say things like this. >> i believe we ought to make the tax cuts for the middle class permanent. >> we have now got both parties essentially telling a big lie, with a capital "b" and a capital "l," to the public, and that is that we can have all this government, 24% of g.d.p., this huge entitlement program, all of the bailouts, and yet we don't have to t
and so scratch the average republican today, and he'll say, "tax cuts, tax cuts, tax cuts." >> cut taxes. >> cutting taxes. >> make the tax cuts permanent. >> it's rank demagoguery. we should call it for what it is. if these people were all put into a room on penalty of death to come up with how much they could cut, they couldn't come up with $50 billion when the problem is $1.3 trillion. so to stand before the public and rub raw this anti-tax sentiment, the...
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you might want to look at the bush tax cuts. they expire in the end of the year and at the same time hundred worth of spending cuts come n part of the sequestitration cuts that you heard about. i want to put that in perspective. they are slowing into growth spend all is said and done, you will have much more going to government than you do today than in dollar terms. all that hits the fan at the same time you have tax hikes and capitol gains and etscet raand all hitting the fan at the same time. that is a big story. you know and not worried about it or you don't know and the main stream media left you in the dust. and pat buchan an is paying close attention and we always whistle past the grave yards. they say don't worry about it one of the days it may not happen. thelma and lowis may go over the cliff. >> that was a horrible movie. you say that it is more real and possible than we think. >> i think so. let's take the hypothis that barack obama. tax cuts for the millionaires and billionaires will go up to a million dollars. i do
you might want to look at the bush tax cuts. they expire in the end of the year and at the same time hundred worth of spending cuts come n part of the sequestitration cuts that you heard about. i want to put that in perspective. they are slowing into growth spend all is said and done, you will have much more going to government than you do today than in dollar terms. all that hits the fan at the same time you have tax hikes and capitol gains and etscet raand all hitting the fan at the same...
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Oct 12, 2012
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i think it is important that we do focus on the so-called tax expenditures in the tax code. deductions and loopholes in the code. we need to reduce those, because if we do we're going to make the tax system fairer, easier to understand and ultimately lead to stronger growth. that's the right place to focus. the arithmetic doesn't work as it is right now. >> mark zandi, thanks so much. >> thank you. >> "starting point" back in a moment. oadway show megapixels place to sleep little roadster war and peace deep sea diving ninja app hipster glasses 5% cash back sign up to get 5% everywhere online through december. only from discover. and i was told to call my next of kin. at 33 years old, i was having a heart attack. now i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. i didn't know this could happen so young. take control, talk to your doctor. i didn't know this could happen so young. ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. st
i think it is important that we do focus on the so-called tax expenditures in the tax code. deductions and loopholes in the code. we need to reduce those, because if we do we're going to make the tax system fairer, easier to understand and ultimately lead to stronger growth. that's the right place to focus. the arithmetic doesn't work as it is right now. >> mark zandi, thanks so much. >> thank you. >> "starting point" back in a moment. oadway show megapixels place to...
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of all of that money going to the super wealthy. >> so, are promises of massive tax hikes, taxing the jobs market? hi, everyone, i'm brenda buttner, this is bulls and bears, here they are, bulls and bears this week, gary b smith, tobin smith, jonas max ferris, along with julian epstein and larry, talk about future tax hikes, holding back a jobs recovery? >> that's right, that's right, brenda. well, you know, certainly for consumers that are work being that have 401(k) plans they may be feeling more confident these days, but their employers don't share the optimism. they're worried what's ahead and what's ahead are future tax increases, for small business owners still, these are people that own delis and dry cleaners and pave your driveways, not fat cats and million fairs and billionaires, they're average work people and concerned about the environment. and national independent business owners a record number of people. a bad time to start a business and a bad time to hire people. and that's not going to inspire jobs in this country, which is exactly what we need right now. >> okay, cl
of all of that money going to the super wealthy. >> so, are promises of massive tax hikes, taxing the jobs market? hi, everyone, i'm brenda buttner, this is bulls and bears, here they are, bulls and bears this week, gary b smith, tobin smith, jonas max ferris, along with julian epstein and larry, talk about future tax hikes, holding back a jobs recovery? >> that's right, that's right, brenda. well, you know, certainly for consumers that are work being that have 401(k) plans they may...
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who pays taxes ought to get tax relief. a of my plan is in place the wealthiest americans will pay a higher percentage of taxes than they do today and the poorest of americans, 6 million families, 7 million people won't pay any tax at all. >> notice the slight of hands. the wealthiest americans will pay a higher percentage of taxes than they do today. not a higher percentage of their income in taxes since that would be an outright lie. very common bit of conservative bit of misdirection used to hide the distributional tax cuts they're proposing. for instance, even in herman cain's explicitly progressive world of a 9/9/9 flat tax, you can imagine the wealthiest households would still pay a majority of total income tax revenue. that doesn't reflect how progressive or fair the taxation system is. it reflects just how unequal incomes are. bush did it again in the next debate too. >> my plan is that the wealthy people pay 62% of the taxes today after which they pay 64%. this is a fair plan. you know why? because the tax code is
who pays taxes ought to get tax relief. a of my plan is in place the wealthiest americans will pay a higher percentage of taxes than they do today and the poorest of americans, 6 million families, 7 million people won't pay any tax at all. >> notice the slight of hands. the wealthiest americans will pay a higher percentage of taxes than they do today. not a higher percentage of their income in taxes since that would be an outright lie. very common bit of conservative bit of misdirection...
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we have a massive tax increase, a repeal of the bush tax cuts, we have the social security tax that is reenacted for employees of 2%. we have the over trillion dollar spending issue. it is about 5% of our economy. neil: what you think the market is doing? >> i am very concerned about what the market is doing. when you look at sck prices today, the fiscal cliff is not yet built. neil: they don't even see that as a possibility. the oser we get, the more they start getting antsy and. >> again, i'm very concerned about that. antsy for sure. and i don't think that we are going to get a solution to this thing, certainly before the end of the year. neil: so you don't even buy the six-month extension think? >> when we can stop looking at this thing in bits and pieces. this is not what leaders do. leaders are decisive. neil: when it comes to the sequestration cuts that they agree to, they are trying to change the rules on that. >> i cannot disagree with you there, neil. but i would ask your audience to think back to when barack obama was running for president. he ran as a uniter. he was going t
we have a massive tax increase, a repeal of the bush tax cuts, we have the social security tax that is reenacted for employees of 2%. we have the over trillion dollar spending issue. it is about 5% of our economy. neil: what you think the market is doing? >> i am very concerned about what the market is doing. when you look at sck prices today, the fiscal cliff is not yet built. neil: they don't even see that as a possibility. the oser we get, the more they start getting antsy and....
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in fact, when you do those sorts of tax cuts there are costs to those tax cuts. the big etan drivegest driver r deficit -- >> chris: if i may, sir. you are talking about half of the planet it would be like talking about obama's jobs plans and saying the entire are plan is to give more money to teachers. it is not obama's plan. similarly you are mischaracterizing the romney plan. saying you're right there is $5 trillion lowering the tax rates but he talks about cutting loopholes. but that is part of the plan. >> but he won't say, chris, which loopholes and which deductions. senator, i doubt seriously you would be if favor of doing away or cutting the home mortgage deduction for middle class americans. governor romney has not said what the plan is for paying for the $5 trillion in tax cuts just like he won't talk about what his tax returns have been or -- >> with all due reis spect, governor, first of all, governor romney made is clear in the debate and he was actually able to speak directly to the american people that he is not going to lower the burdening on up y
in fact, when you do those sorts of tax cuts there are costs to those tax cuts. the big etan drivegest driver r deficit -- >> chris: if i may, sir. you are talking about half of the planet it would be like talking about obama's jobs plans and saying the entire are plan is to give more money to teachers. it is not obama's plan. similarly you are mischaracterizing the romney plan. saying you're right there is $5 trillion lowering the tax rates but he talks about cutting loopholes. but that...
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>> this tax. >> guarantee. >> this taxes a million small business. he keeps trying to make you think is just some movie star or hedge fund guy. >> 97% of the small businesses make less than $250,000 dollars a year. it would not -- >> there taxes a million people, a million small businesses. >> does it tax 97% of the american people. >> it tax a million small businesses who are the greatest job creators. >> and you're going to increase defense budget, and you're going increase the defense. >> we're just not going to cut the defense budget. >> you suggested 2 trillion. >> more than that. >> so no massive -- >> defense increase. >> you want to get into defense now. >> yes, i do, i do because that's another math question. >> okay, how do you do that? >> so they propose a $478 billion cut to defense to begin with. now we have another $500 billion cut to defense that's lurking on the horizon. they insisted upon that cuts being involved in the debt negotiations. and so now we have a 1 trillion. >> let's put the automatic defense cut as side. no one wants th
>> this tax. >> guarantee. >> this taxes a million small business. he keeps trying to make you think is just some movie star or hedge fund guy. >> 97% of the small businesses make less than $250,000 dollars a year. it would not -- >> there taxes a million people, a million small businesses. >> does it tax 97% of the american people. >> it tax a million small businesses who are the greatest job creators. >> and you're going to increase defense...
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raises taxes. small businesses tell me this is their single largest concern. >> the next question is for mr. murphy. >> regardless what happens with the affordable care act, the government will remain deeply involved in government health care. i want to ask about a very sensitive part of health cost- containment. one third of u.s. health spending is to take care of americans in their last year of life. does that need to change and how this government tackle something like that without the debate quickly turning into talk about government death panels and health-care rationing? >> we need to make a commitment to be blunt public health care systems like medicare and medicaid that we are going -- public health care systems that we're going to take care of them. that's my commitment as a u.s. senator. but in order to do that, the have to have a medicare and medicaid program that works for those individuals and is not just designed to pad the bottom lines of insurance companies. this is where linda mcma
raises taxes. small businesses tell me this is their single largest concern. >> the next question is for mr. murphy. >> regardless what happens with the affordable care act, the government will remain deeply involved in government health care. i want to ask about a very sensitive part of health cost- containment. one third of u.s. health spending is to take care of americans in their last year of life. does that need to change and how this government tackle something like that...
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this one tax wld actual tax about 53% of small business income. it's expected to cost us 710,000 jobsment and you know what? it doesn't even pay for 10% of their proposed deficit spending increases. what we are saying is lower tax rates across-the-board and close loopholes primarily to the higher income people. we have three bottom lines. don't raise the deficit. don't raise taxes on the middle class. and don't lower the share of income that is borne by the high income earners. he will keep saying this 5 trillion plan, i suppose. it's been discreded by six other studies and even their own deputy campaign manager acknowledged that it wasn't correct. >> well, let's talk about this 20%. you have refused, and again, to offer specifics on how you pay for that 20% across-the-board tax cut do you actually have its specifics or are you still working on it and that's why you won't tell voters? >> different than this administration, we actually want to have big bipartisan agreements. you see, i understand -- >> do you have the specifics, do you have-- do yo
this one tax wld actual tax about 53% of small business income. it's expected to cost us 710,000 jobsment and you know what? it doesn't even pay for 10% of their proposed deficit spending increases. what we are saying is lower tax rates across-the-board and close loopholes primarily to the higher income people. we have three bottom lines. don't raise the deficit. don't raise taxes on the middle class. and don't lower the share of income that is borne by the high income earners. he will keep...
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this ignores the property taxes, forgave annually for business taxes. it's more than just $150 million; right? >> oh, absolutely. that gets to the heart of the problem with government subsidies is that these companies, once dependent on the federal government and the taxpayers' dollar, they stay dependent on the government's dollar. that's why we see programs like the ethanol policy continually dependent on the government since 1978 and once they get stuck on this government dependence, it's hard to wean them off because they really don't understand their true cost point, and they don't have that true incentive to be competitive. gerri: they exploit the money, go after it, they know how to do it. nick, congressman, thank you for coming on tonight ill line illug this program. i hope you both come back, thank you. >> thank you. >> thank you. gerri: all right. many employers cutting back, restaurantings seeing the strongest year in a decade, by the hiring boom comes from a caveat. they are part-time jobs. our guest yesterday told us why that is obamacare.
this ignores the property taxes, forgave annually for business taxes. it's more than just $150 million; right? >> oh, absolutely. that gets to the heart of the problem with government subsidies is that these companies, once dependent on the federal government and the taxpayers' dollar, they stay dependent on the government's dollar. that's why we see programs like the ethanol policy continually dependent on the government since 1978 and once they get stuck on this government dependence,...
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they were not taxes of the last four years they are taxes of the future. you have had massive regulation in the last four years and executive orders coming out of the federal government and viserating the congressional man date and letting the bureaucracy run the country and you have lists of them down here of over 900 executive orders and where they are abdicating the responsibility of congress and legislature and giving it to the burrcrats to run the country. it is outrageous. >> what i thought was so interesting about vice-president biden's comments 24 hours before the presidential. but setting up the middle class is effected and that is what mitt romney said middle class is suffer it has been the last four years. >> the economy is suffering under the government intervention. we often times don't think of regulations as being a tax. it is a tax not only on wealth creation but individual freedom and take the credit card act that was regulation and pass , a few years ago and had hoped to help the middle class . it made credit more expensive and difficult
they were not taxes of the last four years they are taxes of the future. you have had massive regulation in the last four years and executive orders coming out of the federal government and viserating the congressional man date and letting the bureaucracy run the country and you have lists of them down here of over 900 executive orders and where they are abdicating the responsibility of congress and legislature and giving it to the burrcrats to run the country. it is outrageous. >> what i...
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tax cut unless you give the tax cut to the super wethy. it's about time they take responsibility. >> martha: mr. ryan. >> joe and i are from similar towns. he's from scranton, pennsylvania, i'm from wisconsin. you know what the unemployment rate is in scranton? >> i sure do. >> 10%. and when you came in, 8.5%. that's how it is going all around america. >> that's not how it's going. it is going down joo. >> martha: this is his two-minute answer, please. >> did they come in and inherit a tough situation? absolutely. but we are going in the wrong direction. look at where we are. the economy is barely limping along. it is growing 1.3%, slower thran last year and last year was slower than the year before. job growth in september was slower than in august and august was slower than in july. we are heading in the wrong direction. 23 million americans are struggling for work. 15% of americans are living in poverty today. this is not what a real recovery looks like. we need real reforms, for a real recovery, that's exactly what mitt romney and i ar
tax cut unless you give the tax cut to the super wethy. it's about time they take responsibility. >> martha: mr. ryan. >> joe and i are from similar towns. he's from scranton, pennsylvania, i'm from wisconsin. you know what the unemployment rate is in scranton? >> i sure do. >> 10%. and when you came in, 8.5%. that's how it is going all around america. >> that's not how it's going. it is going down joo. >> martha: this is his two-minute answer, please....
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Oct 12, 2012
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on to taxes. if your ticket is elected, who will pay more and who will pay less in taxes, vice president? >> the middle class will pay less and people making a ll dollars will pay slightly more. the continueuation of the bush tax cuts, we're arguing the tax cuts for the wealthy should be allowed to expire. $800 billion of that goes to people making a minimum of $1 million. we see no justification, they're not asking for this continued tax cut or suggesting it. but my friends are insisting only it. 120,000 families, by continuing that tax cut, will get an additional $500 billion in tax relief in the next ten years. we want to extend permanently the middle class tax cut permanently, from the bush middle class tax cut. these guys won't allow us to. we say let's have a vote on the middle class tax cut and have a vote on the upper tax cut. let's vote on it. they're staying no. they're holding hostage the middle class tax cut to the super wealthy. on top of that, they've got another tax cut coming that'
on to taxes. if your ticket is elected, who will pay more and who will pay less in taxes, vice president? >> the middle class will pay less and people making a ll dollars will pay slightly more. the continueuation of the bush tax cuts, we're arguing the tax cuts for the wealthy should be allowed to expire. $800 billion of that goes to people making a minimum of $1 million. we see no justification, they're not asking for this continued tax cut or suggesting it. but my friends are insisting...
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Oct 12, 2012
10/12
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WMAR
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you're going have -- >> not raising taxes is not cutting taxes. by the war, our budget, 3% a year instead of 4.5%. >> let me calm down things here just for a minute and i want to talk to you very briefly before we go to closing statements about your own personal character. if you are elected, what could you both give to this country as a man, as a human being, that no one else could? >> honesty. no one else could? there are plenty of fine people who can lead this country. but what you need are people who, when they say they're going to do something, they go do it. what you need, are when people see problems, they offer solutions to fix those problems. we're not getting that. look, we can grow this economy faster. that's what our five-point plan is all about. it's about getting 12 million jobs, higher take home pay, getting people into the middle class. that means, going with proven pro-growth policies we know works to get people back to work. putting ideas on the table. working with democrats. that actually works. >> vice president, can we get to
you're going have -- >> not raising taxes is not cutting taxes. by the war, our budget, 3% a year instead of 4.5%. >> let me calm down things here just for a minute and i want to talk to you very briefly before we go to closing statements about your own personal character. if you are elected, what could you both give to this country as a man, as a human being, that no one else could? >> honesty. no one else could? there are plenty of fine people who can lead this country. but...
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Oct 10, 2012
10/12
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CNNW
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about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. you can see. ds like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. 100% natural. it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management everyone in the nicu, all the nurses wanted to watch him when he was there 118 days. everything that you thought was important to you changes in light of having a child that needs you every moment. i wouldn't trade him for the world. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. if you're caring for a child with special needs, our innovative special care program offers strategies that can help. >>>
about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. you can see. ds like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. 100% natural. it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious....
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Oct 7, 2012
10/12
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CSPAN
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economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the states and to the workers so they can create pathways into training they need for jobs that will help them. we should bring the tax rates down. for corporations and individuals. for us not to lose revenue, i lowered deductions and credits and intentions so we keep taking in the same money when you account for growth. energy is critical. the president pointed out that production of oil and gas in the u.s. is up but not due to hisall of the increase in natural private land, not on government land. your administration has cut the number of permits and licenses in half. if i am president, i will doublei like coal. people in the coal industry feel like it is getting crushed by your policies. i w
economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the states and to the workers so they can create pathways into training they need for jobs that will help them. we should bring the tax rates down. for corporations and individuals. for us...
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Oct 11, 2012
10/12
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CNBC
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okay, there's tax rates and tax revenues. now a couple of things, tax rates, marginal rates are different from tax revenues. revenues can come from growth, from capped deductions. i just want to ask you, grover, do you support mitt romney's plan which would lower the rates, put a strict limit on the dollars of tax deductions and increase the economic growth rate? do you support romney? >> well, romney's plan is revenue neutral. he's made a commitment to the american people not to have a net tax increase. that's a great plan. obama wants higher tax rates, and schumer, the leader in the senate, made that clear as well, so it's between romney wanting to cut your tax rates and obama wanting to increase your top tax rates. that's the difference between the two parties. >> all right. dean baker, get you into this discussion. you know, dean, the brookings institute supports lower tax rates and knocking out deductions. that's what they want. everybody in washington except team obama. obama's idea, and biden's idea is to jack up tax r
okay, there's tax rates and tax revenues. now a couple of things, tax rates, marginal rates are different from tax revenues. revenues can come from growth, from capped deductions. i just want to ask you, grover, do you support mitt romney's plan which would lower the rates, put a strict limit on the dollars of tax deductions and increase the economic growth rate? do you support romney? >> well, romney's plan is revenue neutral. he's made a commitment to the american people not to have a...
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about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. r. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. ♪ [ male announcer ] its lightweight construction makes it nimble... ♪ its road gripping performance makes it a cadillac. introducing the all-new cadillac xts. available with advanced all-wheel drive. [ engine revving ] it's bringing the future forward. throughout our lives. one a day men's 50+ is a complete multi-vitamin designed for men's health concerns as we age. it has more of 7 antioxidants to support cell health. one a day men's 50+. turn to senokot-s tablets. senokot-s has a natural vegetable laxative ingredient plus the comfort of a stool softener for gentle, overnight relief of
about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. r. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. ♪ [ male announcer ]...
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Oct 12, 2012
10/12
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CSPAN
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if your ticket is elected, who will pay more in taxes? who will pay less in taxes? >> middle-class will pay less and people making a million dollars or more will begin to contribute slightly more. the continuation of the bush tax cuts, we are arguing the bush tax cuts for the wealthy should be allowed to expire. $800 billion of that goes to people making a million dollars. we see no justification for those -- they are patriotic americans, they are not suggesting the tax cut. 120,000 families will get an additional $500 billion in tax relief in the next 10 years. their income is an average of $8 million. we want to extend the middle class tax cuts permanently. these guys will not allow us to. we say, let's have a vote. they are holding hostage the middle class tax cut to the super wealthy. all the studies point out will get another $250,000 a year to those 120,000 families and raise taxes for families who are middle income with a child by to $2000 a year. this is unconscionable. there is no need for this. the middle class got knocked on their heels. the great recessi
if your ticket is elected, who will pay more in taxes? who will pay less in taxes? >> middle-class will pay less and people making a million dollars or more will begin to contribute slightly more. the continuation of the bush tax cuts, we are arguing the bush tax cuts for the wealthy should be allowed to expire. $800 billion of that goes to people making a million dollars. we see no justification for those -- they are patriotic americans, they are not suggesting the tax cut. 120,000...
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how in lord's name can they justify raising their taxes with these tax cuts? >> two questions, is there more pressure on the vice president now to be aggressive coming off the president's debate, and are you worried about gaffes like that? >> well, look, i don't think that was a gaffe, george. i think what the vice president was talking about is what he's talked about every day, which is a series of eight years of -- >> he said they were buried the last four years. >> well, we've been digging out for what was an avalanche of bad economic decisions over the past eight years during the bush administration, and what mitt romney and paul ryan want to do is take us back to that exact same failed economic theory, talk down tax cuts, eviscerating the investments we know we need to grow our economy from the middle out rather than from the top down. look, i know vice president biden. i know he's looking forward to having a spirited exchange about ideas. i simply hope this, i hope what paul ryan does is something fundamentally different than what mitt romney does, and t
how in lord's name can they justify raising their taxes with these tax cuts? >> two questions, is there more pressure on the vice president now to be aggressive coming off the president's debate, and are you worried about gaffes like that? >> well, look, i don't think that was a gaffe, george. i think what the vice president was talking about is what he's talked about every day, which is a series of eight years of -- >> he said they were buried the last four years. >>...
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Oct 10, 2012
10/12
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CNN
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about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. >>> we start the second half of [ female announcer ] the best things in life are the real things. nature valley trail mix bars are made with real ingredients you can see. like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits with th
about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. >>> we start the second half of [ female announcer ] the best things in life are the real things. nature valley trail mix bars are made with real ingredients you can see. like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. a body at rest tends to stay at rest......
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Oct 12, 2012
10/12
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CNNW
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on to taxes. if your ticket is elected, who will pay more and who will pay less in taxes, vice president? >> the mide class will pay less and people making a million dollars will pay slightly more. let me give you one concrete example. the continuation of the bush tax cuts, we're arguing the tax cuts for the wealthy should be allowed to expire. of the bush tax cuts for the wealthy, 800 million -- billion dollars of that goes to people making a minimum of a million dollars. we see no justification in these economic times for those and they're patriotic americans, they're not asking for this continued tax cut. they're not suggestg it, but my friends are insisting on it. 120,000 families, by continuing that tax cut, will get an additional $500 billion in tax relief in the next ten years. and their income is an average of $8 million. we want to extend permanently the middle class tax cut permanently, from the bush middle class tax cut. these guys won't allow us to. su know what they're saying? we say
on to taxes. if your ticket is elected, who will pay more and who will pay less in taxes, vice president? >> the mide class will pay less and people making a million dollars will pay slightly more. let me give you one concrete example. the continuation of the bush tax cuts, we're arguing the tax cuts for the wealthy should be allowed to expire. of the bush tax cuts for the wealthy, 800 million -- billion dollars of that goes to people making a minimum of a million dollars. we see no...
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Oct 14, 2012
10/12
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WJLA
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where does the flat tax makes sense? >> good question. i was talkining about the tax on businees. insofar as iividual taxes are concerned, i think it would be unfair to change thtax system like for home mortgage interest deduction or charitable contributions. i am advocating the choice of a flat tax spending. hong kong has done something similar to this and they found most people migrated to the flat tax. let the taxpayer decide. whether they want to stay witith this complicated system or go to a more simpler one. >> you remain behind in this race according to all the recent polls? why are you losing? >> the decision wille made and about a month fr now. the world is controlled by those who show up. i and endorsed by realtors in virginia as does the fraternal order of the police. most folks know my record and my opponent's. i amondent anybody who uses of electricity or drives a car or thinks health care decisions ought to be made by doctors and patients, anyone who pays taxes or car about the future of their children or grandchildren will be on our side. i am confident virginians a
where does the flat tax makes sense? >> good question. i was talkining about the tax on businees. insofar as iividual taxes are concerned, i think it would be unfair to change thtax system like for home mortgage interest deduction or charitable contributions. i am advocating the choice of a flat tax spending. hong kong has done something similar to this and they found most people migrated to the flat tax. let the taxpayer decide. whether they want to stay witith this complicated system or...
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Oct 12, 2012
10/12
by
CNN
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on to taxes. if your ticket is elected, who will pay more and who will pay less in taxes, vice president? >> the middle class will pay less and people making a million p has tasty pieces of chicken with rice and beans. you know the giants don't have a mascot right mom? [ male announcer ] campbell's chunky soup. it fills you up right. these are sandra's "homemade" yummy, scrumptious bars. hmm? i just wanted you to eat more fiber. chewy, oatie, gooeyness... and fraudulence. i'm in deep, babe. you certainly are. [ male announcer ] fiber one. silverado! the most dependable, longest lasting, full-size pickups on the road. so, what do you think? [ engine revs ] i'll take it. [ male announcer ] it's chevy truck month. now during chevy truck month, get 0% apr financing for 60 months or trade up to get the 2012 chevy silverado all-star edition with a total value of $8,000. hurry in before they're all gone! with a vial and syringe. me, explaining what i was doing at breakfast. and me discovering novolog mix
on to taxes. if your ticket is elected, who will pay more and who will pay less in taxes, vice president? >> the middle class will pay less and people making a million p has tasty pieces of chicken with rice and beans. you know the giants don't have a mascot right mom? [ male announcer ] campbell's chunky soup. it fills you up right. these are sandra's "homemade" yummy, scrumptious bars. hmm? i just wanted you to eat more fiber. chewy, oatie, gooeyness... and fraudulence. i'm in...
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Oct 9, 2012
10/12
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CSPAN
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>> tax and cut, tax and spend? which is better? it tells you if we borrow money -- why government feels it need to take our money away from us? if we have opportunity to invest it in job creation? why can't the government learn to balance its budget? why can't the government tighten its belt like everyone out here in this audience has to but this government does not want to. we're not going to be able to cut spending enough to balance the budget. we need to grow the economy in the way you grow the economy, you take every last dime out of the economy. you let that money stay in and circulate and grow and create the jobs necessary and build that more secure future. you cannot continue to tax your way into prosperity. you can't spend your way into prosperity. small business is the solution if you get the government off the backs. you can't in fact, have more people hired, keep those that already have jobs and expand our economy. you don't do it by raising taxes during a recession. >> well, the fact is if you want to talk about job cre
>> tax and cut, tax and spend? which is better? it tells you if we borrow money -- why government feels it need to take our money away from us? if we have opportunity to invest it in job creation? why can't the government learn to balance its budget? why can't the government tighten its belt like everyone out here in this audience has to but this government does not want to. we're not going to be able to cut spending enough to balance the budget. we need to grow the economy in the way you...
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Oct 13, 2012
10/12
by
CNN
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your taxes are going up next year. even if congress fixes the fiscal cliff, there is one tax break that is almost certain to disappear. a tax break for all working americans. it's called the payroll tax holiday, and when it expires january 1st, paychecks for 160 million americans will get smaller. if you make $50,000 a year, you'll take home a thousand dollars less next year. you'll have less money to spend, and the left-leaning economic policy institute says the payroll tax cut alone will cut economic growth and will cost one million jobs. let's put it in perspective. that means the tax man is getting what your family could be spending each week on, say, six lattes at starbucks or five gallons of regular unleaded. 15 dozen eggs, or seven gallons of orange juice. every week. you don't have to eat 15 dozen eggs a week to understand how much money a thousand dollars a year is. imagine if we go over the fiscal cliff and your taxes go up, say, $3,000 or more. why is no one inas
your taxes are going up next year. even if congress fixes the fiscal cliff, there is one tax break that is almost certain to disappear. a tax break for all working americans. it's called the payroll tax holiday, and when it expires january 1st, paychecks for 160 million americans will get smaller. if you make $50,000 a year, you'll take home a thousand dollars less next year. you'll have less money to spend, and the left-leaning economic policy institute says the payroll tax cut alone will cut...
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Oct 14, 2012
10/12
by
CNN
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eye 124
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pledge and no new taxes. does that fit your bill? by the way, i'm not actually promising you a tax cut. it might just come out even. >> the only confusion is people don't -- >> that's fine with you. sorry. >> he wants to reduce marginal tax rates across the board for all americans, 20%, which is what reagan did, which is what john f. kennedy did. he also wants to do what reagan did in 1986, which is to have it end towards revenue neutrality and job creation as reagan and kennedy gave you, and eliminating some deductions and credits, all the tax credits that have funneled money to the administration's friends, not help the economy. let's get rid of those kind of corrupt deductions and credits and raise some money at the same time, but net, it's going to be a revenue-neutral at worst or a tax cut. >> part of what happened in the first debate, i think, and this will run back into the tax issue, is that people saw mitt romney and some thought, oh, he is not this scary person we've seen in the ads. he seemed reaso
pledge and no new taxes. does that fit your bill? by the way, i'm not actually promising you a tax cut. it might just come out even. >> the only confusion is people don't -- >> that's fine with you. sorry. >> he wants to reduce marginal tax rates across the board for all americans, 20%, which is what reagan did, which is what john f. kennedy did. he also wants to do what reagan did in 1986, which is to have it end towards revenue neutrality and job creation as reagan and...
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1.0K
Oct 12, 2012
10/12
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WUSA
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eye 1,036
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tax cut. they were not suggesting it, but my friends are insisting on it. 120,000 families by continuing that tax cut, will get an additional $500 billion in tax relief in the next 10 years, and their income is an average of $8 million. we want to extend permanently the middle-class tax cut for-- permanently. from the bush middle-class tax cut. these guys won't allow us to. you know what they're saying-- we say let's have a vote on the middle-class tax cut and on the upper tax cut. let's go ahead and vote on it. they're saying no. they're holding hostage the middle class tax cuts for the super wealthy. and on top of that they've got another tax cut coming. that's $5 trillion all of the studies point out will in fact give another $250 million-- yeah, $250,000 a year to those 120,000 families and raise taxes for people who are middle income with a child by $2,000 a year. this is unconscionable. there is no need for this. the middle class got knocked on their heels. the great recession crushed th
tax cut. they were not suggesting it, but my friends are insisting on it. 120,000 families by continuing that tax cut, will get an additional $500 billion in tax relief in the next 10 years, and their income is an average of $8 million. we want to extend permanently the middle-class tax cut for-- permanently. from the bush middle-class tax cut. these guys won't allow us to. you know what they're saying-- we say let's have a vote on the middle-class tax cut and on the upper tax cut. let's go...
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Oct 10, 2012
10/12
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CNBC
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your man's the only guy who thinks tax reform means higher tax rates. you're the only one. >> can i please respond here? >> i want you to. >> in every single budget he has produced, there has been a cap on itemized deductions for people above $250,000. they can only deduct the 28%, not 35% or 39%. and it raises half a trillion dollars over ten years. it's in every one of his budgets. please don't tell me it's not. i can show you where it is. >> arthur laffer, explain this to me. >> the key here is lowering rates. jared, i do agree with you, we need to raise taxes. but we don't need to raise tax rates. what we need to do is increase growth output employment and get -- you can't balance the budget on the backs of the unemployed. it just doesn't happen. >> i agree. art, you are 100% right. and by the way, i'm not where you guys are on the lower -- >> you will be with us soon, jared. >> you're elasticties for your tax rate declines are way too large, in my humble opinion. but i'm ready to go with you if you can identify how you're going to fill that hole. m
your man's the only guy who thinks tax reform means higher tax rates. you're the only one. >> can i please respond here? >> i want you to. >> in every single budget he has produced, there has been a cap on itemized deductions for people above $250,000. they can only deduct the 28%, not 35% or 39%. and it raises half a trillion dollars over ten years. it's in every one of his budgets. please don't tell me it's not. i can show you where it is. >> arthur laffer, explain...
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Oct 6, 2012
10/12
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CSPAN
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eye 113
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we have significant features of the individual income tax, corporate income tax, the estate tax, and apparel text which expire at the end of the year. in a deep sense, we don't know what our tax code is anymore. it would be nice if we emerged on the far side of the fiscal cliff with our leaders could get us back to a situation where we actually know what the tax code is. >> thank you. our next speaker -- speaker will be bob greenstein. >> there are two risks here. the obvious risk to the economy in the short term -- if we go over the fiscal cliff and the aggregate demand comes out of the economy that we will have a relatively mild recession in the first part of 2013 and we would be back and recovery by the second half of 2013. it would be a recession on top of where we are and that is not good. the bigger risk is the rest to the economy in the long term if we keep kicking the can down the road. how do we think about this? there's an interesting report that came out several months ago from the carlyle group. i want to briefly read what it includes. it says there will be a grand bargai
we have significant features of the individual income tax, corporate income tax, the estate tax, and apparel text which expire at the end of the year. in a deep sense, we don't know what our tax code is anymore. it would be nice if we emerged on the far side of the fiscal cliff with our leaders could get us back to a situation where we actually know what the tax code is. >> thank you. our next speaker -- speaker will be bob greenstein. >> there are two risks here. the obvious risk...
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Oct 10, 2012
10/12
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CNN
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as far as the tax plan, look, he has said he will not pass a tax plan that is not deficit neutral. he's been very clear about this. his principles are do not change or modify the share of taxes paid at the upper income level, reduce the tax burden on the middle income level, cut rates across the board, particularly so you can create a more welcoming environment for small businesses, reduce the tax burden on small businesses, which are responsible for a disproportionate percentage of employment in this country, and you can do a lot of this by generating growth, getting rid of deductions, getting rid of a lot of the credits, getting rid of a lot of the loopholes and that is the plan he will put forward to congress. >> here's the thing. dan, here's the thing. nobody disputes that he intends to do some of this. what we don't know is how he intends to do it, and the specifics and until we get that, i think barack obama is perfectly entitled at the next two debates to take him on it, say hang on, you're cutting taxes by $5 trillion but what are you actually going to do to make up the $5
as far as the tax plan, look, he has said he will not pass a tax plan that is not deficit neutral. he's been very clear about this. his principles are do not change or modify the share of taxes paid at the upper income level, reduce the tax burden on the middle income level, cut rates across the board, particularly so you can create a more welcoming environment for small businesses, reduce the tax burden on small businesses, which are responsible for a disproportionate percentage of employment...
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491
Oct 12, 2012
10/12
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KGO
eye 491
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quote 13
this one tax would actually tax about 53% of small business income. it's expected to cost us 710,000
this one tax would actually tax about 53% of small business income. it's expected to cost us 710,000
SFGTV2: San Francisco Government Television
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Oct 10, 2012
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that is to move our payroll tax to gross receipt tax and why? because by doing that we can create jobs in san francisco and keep people in san francisco . the kids are growing up and we want them to stay but we need jobs. i agree with mr. crowley with the police force and make sure that is fully staffed and i have been speaking to the police athletic league and they have a program to breen the teenagers to be interns in the police force and they would feed into the police cadet program. thank you. >> thank you sir. the next question the city's liabilities are projected to increase in the next coming year. s what new or increased fees should it institute and i will repeat the question and we will begin with mr. crowley. >> i would say that one of the bigger things that we will have before us is the gross receipts tax check that norman talked about trading from the payroll tax which is punitive. the next thing i would do is increase the foot print on mos sony center and that brings in a lot of money to the general fund and erect a multi-purpose ar
that is to move our payroll tax to gross receipt tax and why? because by doing that we can create jobs in san francisco and keep people in san francisco . the kids are growing up and we want them to stay but we need jobs. i agree with mr. crowley with the police force and make sure that is fully staffed and i have been speaking to the police athletic league and they have a program to breen the teenagers to be interns in the police force and they would feed into the police cadet program. thank...
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Oct 9, 2012
10/12
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d vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> throughout our battleground virginia special, we will take a groups offerent voters. >> we are breaking down voters by age, gender, and ethnicity. >> are political team includes cooper.uman and rebecca >> we have been inside both headquarters and the races this close. nodar kumaritashvili is taken for granted. they analyze every demographic no voter is taken for granted. whether it is making a pit stop or knocking back a:at a local watering hole, but tap into a very specific block of voters. >> it is still the second most important vote in america. >> second only to white females. is going tonow what sway me one way or another. mostly i am a democrat, but i made up my mind yet. successfult obama is young, women, hispanic, and black voters. 60%omney needs to get about of the white vote. possible? >> it is
d vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> throughout our battleground virginia special, we will take a groups offerent voters. >> we are breaking down voters by age, gender, and ethnicity. >> are political team includes cooper.uman and...
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Oct 14, 2012
10/12
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CNNW
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let's talk about taxes. next i'm going to let governor romney explain this for himself. >> well, i've made it pretty clear that my principles are, number one, simplify the code, number two, create incentives for large businesses and small businesses to grow, number 3, don't burden high income taxpayers, and number 4, reduce the burden of tax for middle income people. >> he can do that, we'll have a brand new tax plan. it's bold, but nobody has really done it since reagan. finally, let's look at the deficit. romney is planning to cut more funding than big bird and pbs. his plan is to reduce foreign aid, and one of the biggest cuts, prioritizing amtrak. you may not think that's a big deal, i use amtrak all the time. romney says privatizing it will save $1.2 billion. however he does it, his goal is to reduce government spending to 20% of gdp. gdp is the biggest measure of everything we produce in society, and he wants to that by the end of his first term. right now government spending is at 25% of gdp. let's sh
let's talk about taxes. next i'm going to let governor romney explain this for himself. >> well, i've made it pretty clear that my principles are, number one, simplify the code, number two, create incentives for large businesses and small businesses to grow, number 3, don't burden high income taxpayers, and number 4, reduce the burden of tax for middle income people. >> he can do that, we'll have a brand new tax plan. it's bold, but nobody has really done it since reagan. finally,...
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Oct 9, 2012
10/12
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MSNBCW
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check this out. >> by kiting taxes, with the big tax cut? >> those are yours, not mine. >> thank you very much, sir. >> that was kind of strange. >> yeah take off that microphone. good luck trying that with joe biden on thursday. >>> plus big bird is still flying high and there are signs now that the great yellow friend is getting under mitt romney's skin. >>> and the inside story of the family intervention inside the romney campaign. it's a real shocker, and it really happened. you're watches "politics nation" on msnbc. [ male announcer ] how do you make america's favorite recipes? just begin with america's favorite soups. bring out chicken broccoli alfredo. or best-ever meatloaf. go to campbellskitchen.com for recipes, plus a valuable coupon. campbell's. it's amazing what soup can do. [ ryan ] it doesn't get any better than endless shrimp at red lobster. you can mix and match all day! [ male announcer ] don't miss red lobster's endless shrimp just $14.99! try as much as you like any way you like! like parmesan crusted shrimp. hurry in, off
check this out. >> by kiting taxes, with the big tax cut? >> those are yours, not mine. >> thank you very much, sir. >> that was kind of strange. >> yeah take off that microphone. good luck trying that with joe biden on thursday. >>> plus big bird is still flying high and there are signs now that the great yellow friend is getting under mitt romney's skin. >>> and the inside story of the family intervention inside the romney campaign. it's a real...
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Oct 10, 2012
10/12
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MSNBC
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is a poll tax constitutional or unconstitutional? >> poll tax would be. i don't understand -- that's like saying to drive on a road is a poll tax -- you have to get a license to enter a government building there is a poll tax because you have to show a photo i.d. to get government been pits a poll tax because you have to show i.d. to get those benefits. so -- if that's your standard, a, it is against 70% to 80% of -- >> poll tax only deals with when you are going to the polls. poll tax only deals with -- poll tax really only deals when you are going to the polls. >> i know what a poll tax is. >> driving on a road and getting a lines, that's not a poll tax. going into a government build sing not a poll tax. flying on an airplane and showing your passport is not a poll tax. going to vote and having to prove who you are but having to go out and spend money on getting that i.d. or driving positive miles because you don't have an i.d. place in your town and you have to drive this distance to get one, that is a poll tax. that costs you money. >> as far as i'm a
is a poll tax constitutional or unconstitutional? >> poll tax would be. i don't understand -- that's like saying to drive on a road is a poll tax -- you have to get a license to enter a government building there is a poll tax because you have to show a photo i.d. to get government been pits a poll tax because you have to show i.d. to get those benefits. so -- if that's your standard, a, it is against 70% to 80% of -- >> poll tax only deals with when you are going to the polls. poll...
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the economy is languishing worse where looking for more tax hikes and four years ago it was zero tax hikes? we have all been hit now we know how the middle-class and people will be affected. obamacare has at least seven pin tax hikes and 30 more on top of that. charles: we discover a couple more every month. [laughter] but i know this bothers you. the vice president throws numbers out there that the rich are getting over $1 trillion from view. that never seems out of left field but resonates better they got tired of talking about millionaires and billionaires. >> i am spectacular the perplexed by joseph biden. at least the is consistent. this is simply incorrect if the administration believes by raising taxes we can get ourselves into solvency, he is simply incorrect. mitt romney talking about the tax issues how to back out of this situation was awesome. >> i don't know if they believe this helps economically with us verses them redressing the wrongs for those who benefited the most until four years ago. >> we have seen this obama's touting the buffer role with the minimum tax for mi
the economy is languishing worse where looking for more tax hikes and four years ago it was zero tax hikes? we have all been hit now we know how the middle-class and people will be affected. obamacare has at least seven pin tax hikes and 30 more on top of that. charles: we discover a couple more every month. [laughter] but i know this bothers you. the vice president throws numbers out there that the rich are getting over $1 trillion from view. that never seems out of left field but resonates...
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Oct 12, 2012
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they pay more effective tax than governor romney pays in his federal income tax. >> indeed. biden's performance was so impressive, the other party was forced to admit that they had taken a hiding. with even mitt romney singing joe's praises today in virginia. >> i think you might agree with me that there was one person on stage last night who was thoughtful and respectful, steady, and poised, the kind of person you want to turn to in a crisis. >> no, no, that can't be right. there must be more to it than that. >> and that was the next vice president of the united states, paul ryan. >> right. he was talking about this guy. >> he talks about detroit. mitt romney is a car guy. >> good one. sell that salesman at the top of the ticket and drives a couple cad laks. but bill clinton today, well, he was a bit incredulous about that line at an event in indiana. >> mr. ryan said last night that governor romney was a car guy. i thought, well, if having an elevator to stack them counts, i guess he was. >> now president clinton, don't you go down that line that mr. romney is just a pluto
they pay more effective tax than governor romney pays in his federal income tax. >> indeed. biden's performance was so impressive, the other party was forced to admit that they had taken a hiding. with even mitt romney singing joe's praises today in virginia. >> i think you might agree with me that there was one person on stage last night who was thoughtful and respectful, steady, and poised, the kind of person you want to turn to in a crisis. >> no, no, that can't be right....
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Oct 7, 2012
10/12
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FOXNEWS
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he was very specific on the tax issue. >> he was specific in repudiating obama tax plan thought did he an excellent job of that. the president has been relying on a report that has been debunked left and right by people about how romney wants to raise taxes on the middle class in order to pay for tax cuts for the wealthy. he rebutted that very effectively i thought. but i would also like to see more details. >> paul: he gave a couple of details in regard to, for example, here is how you reduce deductions and exemptions, a $25,000 $50,000 limit that any one individual could use. that was specific offered by marty felled stein of harvard as a way to make tax reform work. >> and both of them embraced the simpson-bowles commission and the simpson-bowles commission put out three different tax rates and each rate you will have to do something with the deductions and exemptions, eliminate all of them or retain them and romney says i'm going to drop rates and put all of those deductions and exemptions on the table for negotiation. any serious person in politics knows that's the starting point
he was very specific on the tax issue. >> he was specific in repudiating obama tax plan thought did he an excellent job of that. the president has been relying on a report that has been debunked left and right by people about how romney wants to raise taxes on the middle class in order to pay for tax cuts for the wealthy. he rebutted that very effectively i thought. but i would also like to see more details. >> paul: he gave a couple of details in regard to, for example, here is how...
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Oct 12, 2012
10/12
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CURRENT
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this tax would tax about 53% of small business income. it is expected to cost us 710,000 jobs and it wasn't even pay for 10% of the proposed deficit spending increases. we're saying lower tax rates across the board and close loopholes primary to the higher-income people. don't raise the deficit, raise taxes on the middle class, and bare the share of the income on the high-income earnings. even their own deputy campaign manager acknowledged that it wasn't correct. >> let's talk about this 90%. you have refused again to offer specifics for how you pay for that 20% across the board tax cut. do you have the specifics or are you still working on it and that's why you won't tell voters? >> ryan: we want to have big bipartisan agreements -- >> do you have the specifics? do you know what you are doing? >> ryan: look at what ronald reagan and tip o'neill did. they worked together to lower tax rates and broaden the base and worked together to fix that. we're saying here is our framework, lower tax rates about 20% -- we forgo about $1.1 trillion in
this tax would tax about 53% of small business income. it is expected to cost us 710,000 jobs and it wasn't even pay for 10% of the proposed deficit spending increases. we're saying lower tax rates across the board and close loopholes primary to the higher-income people. don't raise the deficit, raise taxes on the middle class, and bare the share of the income on the high-income earnings. even their own deputy campaign manager acknowledged that it wasn't correct. >> let's talk about this...
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Oct 12, 2012
10/12
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tax cut unless you give the tax cut for the super wealthy. it is about time they take some responsibility. >> joe and i are from similar towns. but you know what the unemployment rate in scranton, pa., is today? attempt%. -- 10%. that is how is going all around america. >> that is not how it is going. it is going down. >> did they inherit a tough situation? absolutely. but we're going in the wrong direction. the economy is barely limping along. job growth in september was slower than it was in august and august was slower than it was in july. we're having in the wrong direction. 23 million americans are struggling for work. 15% of americans are living in poverty. this is not what a real recovery looks like. we need real reforms for a real recovery. that is exactly what we are proposing. gift america energy independence by the end of the decade. get this deficit and debt under control. make trade work for america. champion small businesses, do not raise taxes on small businesses. they are our job creators. he talks about detroit. mitt romney i
tax cut unless you give the tax cut for the super wealthy. it is about time they take some responsibility. >> joe and i are from similar towns. but you know what the unemployment rate in scranton, pa., is today? attempt%. -- 10%. that is how is going all around america. >> that is not how it is going. it is going down. >> did they inherit a tough situation? absolutely. but we're going in the wrong direction. the economy is barely limping along. job growth in september was...
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Oct 12, 2012
10/12
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WUSA
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ryan, romney tax cut plan. did either side make the case that their tax ideas were better? >> no is the answer. but what kills me is this president extended the tax cuts last year with the rationale that you don't increase taxes during a recession. >> but trying to pin paul ryan down on the specifics of what deductions he would get -- what he would take away to fill in that $5 trillion or whatever it is, and he wouldn't answer the question. >> , first of all, neither side has done that, and the little pbs comment from the last debate led to all sorts of big bird -- what paul ryan and what mitt romney said during the campaign is, when president reagan sat down, it was democratic leadership, everything is on the table. hit's get it done. we both know that, because we've both been there. we've both been part of compromises. >> when you heard him refuse to give any specifics without a win for the democrats. >> i think it's going to be a win for those people who really take it seriously. the fact is, it doesn't add
ryan, romney tax cut plan. did either side make the case that their tax ideas were better? >> no is the answer. but what kills me is this president extended the tax cuts last year with the rationale that you don't increase taxes during a recession. >> but trying to pin paul ryan down on the specifics of what deductions he would get -- what he would take away to fill in that $5 trillion or whatever it is, and he wouldn't answer the question. >> , first of all, neither side has...
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Oct 7, 2012
10/12
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>> they reported federal taxes, state and local taxes. it gives people a fairer picture. that year i happened to pay a lot of state and local taxes, which, as you know, are deducted from the other. i looked it up the other day, and we paid, i think it's 342% of our gross income in taxes. s >> we did a little looking around to see about his. we can't find his 1981 tax return. it may have been released. maybe my bonet knows whether he released it. we did find his income is $1.4 million, and i think he paid the same as i did in taxes. he also made a reference that troubled me very much. he started talking about my chauffeur. you know, i'm driven to work by the secret service. so is mrs. ferraro, so is mr. mondale's. they saved the life of the president of the united states. i thought that was a cheap shot telling the american people to try to divide class, rich and poor. but the big question, it isn't whether mrs. ferraro is doing well. i think they are depog pretty well. i know barbara and i are doing well. and it is darn sure mr. mondale is doing well with $1.4 million. bu
>> they reported federal taxes, state and local taxes. it gives people a fairer picture. that year i happened to pay a lot of state and local taxes, which, as you know, are deducted from the other. i looked it up the other day, and we paid, i think it's 342% of our gross income in taxes. s >> we did a little looking around to see about his. we can't find his 1981 tax return. it may have been released. maybe my bonet knows whether he released it. we did find his income is $1.4...
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Oct 6, 2012
10/12
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would raise taxes on every single tax and who pays income tax. are the texans to pay income taxes we would not raise taxes on? you did not have an answer. >> you will not put words in my mouth. i would say, the first place, we have to balance the budget, cut spending, and raise revenue to reduce the national debt. you have never given any plan to reduce the national debt. anything you even described. talk about the deficit, our current budget, but you never say how you will eliminate $16 billion of the national debt. even tom coburn, one of your heroes, from oklahoma, says we have to raise revenue. we have to cut spending. we have to balance our budget. that is not liberal, that is not conservative, it is just the truth. >> i will make a point that in that entire answer, mr. sadler did not disagree with me once that there is not a single texan who currently pays income tax that he is willing to rule out raising taxes on. i've asked to three times that question, and you have yet to give an answer. >> hold on, what about the question of revenue? he
would raise taxes on every single tax and who pays income tax. are the texans to pay income taxes we would not raise taxes on? you did not have an answer. >> you will not put words in my mouth. i would say, the first place, we have to balance the budget, cut spending, and raise revenue to reduce the national debt. you have never given any plan to reduce the national debt. anything you even described. talk about the deficit, our current budget, but you never say how you will eliminate $16...
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Oct 13, 2012
10/12
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CNN
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lying about the cost of your tax plan, you're proposed tax reforms. so far you haven't released a lot of specifics about eliminating various loopholes or you've said your tax cuts would be revenue neutral you wouldn't add to the deficit. let's go through how you would do that. specifically home mortgage deductions, charitable mortgage contributions. are you ready to remove those? what's going on? >> well, i've made pretty clear that my prirnls are number one simplify the code. number two, create incentives for small and large businesses to grow. number three, don't reduce the burden on high income taxpayers. and number four, remove the burden somewhat for middle income people. i don't want to raise taxes on any group of americans. those are the principles. at the same time how we carry them out would be lowering the tax rate across the board and making up for that, both with additional growth and with putting a limit on deductions and exemptions, particularly for people at the high end. those are principles which form the bases of what i would do with
lying about the cost of your tax plan, you're proposed tax reforms. so far you haven't released a lot of specifics about eliminating various loopholes or you've said your tax cuts would be revenue neutral you wouldn't add to the deficit. let's go through how you would do that. specifically home mortgage deductions, charitable mortgage contributions. are you ready to remove those? what's going on? >> well, i've made pretty clear that my prirnls are number one simplify the code. number two,...
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Oct 13, 2012
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we ought not to be raising taxes. the pledge by biden is pledge to american people that they'll oppose any and all tax increases. biden wants to pretend it's for the upper income people. for all the taxpayers. one thing to keep in mind. the promise that obama made four years ago never to raise taxes on anyone who less than $250,000 a year has been replaced. biden didn't get the memo. what he said starting august 8 in grand junction, colorado, the new plan is no income tax increase next year. >> neil: we know taxes will go up, healthcare law, medical devices and host of others. selling a home, assets, et cetera. what else? >> that's what we don't know. he's promising that for one year he won't raise incomes taxes. we know the tax increase in january could have been avoided if the democrats for two years, they could have made the tax cut permanent for foreign people, middle income people, left-handed people. they made it permanent for nobody. that telegraphs the plan. after a year they will let them go up on everyone. >
we ought not to be raising taxes. the pledge by biden is pledge to american people that they'll oppose any and all tax increases. biden wants to pretend it's for the upper income people. for all the taxpayers. one thing to keep in mind. the promise that obama made four years ago never to raise taxes on anyone who less than $250,000 a year has been replaced. biden didn't get the memo. what he said starting august 8 in grand junction, colorado, the new plan is no income tax increase next year....
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Oct 14, 2012
10/12
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tax cut unless you give the tax cut for the super wealthy. it is about time they take some responsibility. >> joe and i are from similar towns. do you know what the unemployment rate in scranton is today? 10%. that is how is going all around america. >> that is not how it is going. it is going down. >> did they inherit a tough situation? absolutely. but we're going in the wrong direction. the economy is barely limping along. job growth in september was slower than it was in august and august was slower than it was in july. we're heading in the wrong direction. 23 million americans are struggling for work. 15% of americans are living in poverty. this is not what a real recovery looks like. we need real reforms for a real recovery. that is exactly what we are proposing. get america energy independent by the end of the decade. get this deficit and debt under control. make trade work for america. champion small businesses, do not raise taxes on small businesses. they are our job creators. he talks about detroit. mitt romney is a car guy. this is
tax cut unless you give the tax cut for the super wealthy. it is about time they take some responsibility. >> joe and i are from similar towns. do you know what the unemployment rate in scranton is today? 10%. that is how is going all around america. >> that is not how it is going. it is going down. >> did they inherit a tough situation? absolutely. but we're going in the wrong direction. the economy is barely limping along. job growth in september was slower than it was in...
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Oct 12, 2012
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. >> on taxes. >> you can cut tax rates by 20% and still preserve these important preferences for middle class taxpayers. >> not mathematically possible. >> it is mathematically possible. >> reporter: on medicare -- >> if they allowed medicare to bargain for the cost of drugs like medicaid can, that would save $156 billion right off the bat. >> and it would deny seniors choices. >> reporter: on the president's foreign policy. >> when we look weak our adversaries are much more willing to test us, they're more brazen and our -- >> with all due respect that's a bunch of malarkey. >> reporter: he's preparing to make up for frz's mistakes last week, almost immediately launching the attack lines obama never used in his debate. >> it shouldn't be surprising for a guy who says 47% of the american people are unwilling to take responsibility for their own lives. >> my neighbors, they pay more effective tax than governor romney pays in his income tax. >> reporter: before the debate, cnn was told paul ryan's team anticipated biden to be aggressive where the president was not especially on the infamo
. >> on taxes. >> you can cut tax rates by 20% and still preserve these important preferences for middle class taxpayers. >> not mathematically possible. >> it is mathematically possible. >> reporter: on medicare -- >> if they allowed medicare to bargain for the cost of drugs like medicaid can, that would save $156 billion right off the bat. >> and it would deny seniors choices. >> reporter: on the president's foreign policy. >> when we look...
SFGTV2: San Francisco Government Television
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Oct 10, 2012
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you know i think that the gross revenue tax is a progressive tax and that tax would allow new businesses, small businesses able to flourish so we have something to look forward to with that. that being said treasure island seems to me a car dependent project and unless you have a ferry that is going there and dropping you off, but that would be somewhat time consuming. the same is true with hunter's point and the problem is there isn't a lot of transportation near there. the trances bay terminal next to bart, next to cal train this is a great project and has so much commuter friendly things going on there, and as far as i am concerned when it comes to development in san francisco it's got to stop. >> all right. thank you sir. >> there are three parts of the economy, the consumer, the investment and the government. the only reason thing that has grown on a rapid rate is the government. the government gets their revenues through taxation or borrowing money. the problem is the regulations are hurting small businesses. 2/3 of all jobs are created by small business which are considered -- cha
you know i think that the gross revenue tax is a progressive tax and that tax would allow new businesses, small businesses able to flourish so we have something to look forward to with that. that being said treasure island seems to me a car dependent project and unless you have a ferry that is going there and dropping you off, but that would be somewhat time consuming. the same is true with hunter's point and the problem is there isn't a lot of transportation near there. the trances bay...
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Oct 13, 2012
10/12
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CNN
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and we need to have tax reform, and we have to have tax reform that raises enough revenue to lower tax rates and go to reducing future budget deficits. if we don't get budget deficits down, lower tax rates won't help us get the economy going. >> do you think it's fair to say -- romney/ryan say a 3% growth is reasonable. do you think it is. for any of this math to work out. the argument of whether they can cut taxes and close loopholes, they are counting on economic growth to be part of making up that difference. will it? >> you can't say for sure. good tack policy matters. not the only thing that matters, and you have to have disciplined economic policy. we have a serious threat to the economy from existing and projected debt, it's different from the era of ronald reagan, that debt is not being driven by annual decisions, it's being driven by large, entitlement spending programs. you can't just do it with taxes, you have to pair it with real aggressive entitlement reform. honestly, one more thing. little changes matter. and people don't appreciate it. first 200 years of u.s. existence,
and we need to have tax reform, and we have to have tax reform that raises enough revenue to lower tax rates and go to reducing future budget deficits. if we don't get budget deficits down, lower tax rates won't help us get the economy going. >> do you think it's fair to say -- romney/ryan say a 3% growth is reasonable. do you think it is. for any of this math to work out. the argument of whether they can cut taxes and close loopholes, they are counting on economic growth to be part of...
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Oct 9, 2012
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separate taxes from parallel taxes. it was enacted to enoccur wealthy individuals work its way down the income chain. romney wants do away with it all together. obama could like to replace it. he would like to replace it it requires millionaires making over a million collars would be kiered to pay 30 percent in taxes. >> in a city like new york your stackses are going to go up and you will be paying 30 percent. >> if you make a physical boll lashes in new york you are considered making nothing. >> that is confusing. s is now 25 after the hour. president obama said they were an example of rebounding the economy. after making chevy volt batteries one plant is seeing anything but green. after supporting romney and ryan another celeb has a message for hollywood. >> quarter pounder, chicken? no? >> quarter pounder. look at this. look at this. quarter pounder. >> you know we all know campaign karl. he is on the pain with rit romney. mitt romney trying to convince romney to eat the burger. he is panning out burgers. lots of ph
separate taxes from parallel taxes. it was enacted to enoccur wealthy individuals work its way down the income chain. romney wants do away with it all together. obama could like to replace it. he would like to replace it it requires millionaires making over a million collars would be kiered to pay 30 percent in taxes. >> in a city like new york your stackses are going to go up and you will be paying 30 percent. >> if you make a physical boll lashes in new york you are considered...
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Oct 12, 2012
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CNBC
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taxes came up. i have to say, carl, i still don't feel i know a lot more about what their tax plans are and don't feel we got a lot of specifics out of that. >> so much attention tonight and tomorrow is focused on style, namely the laughter and grins that came from the vice president early on. the degree to which ryan appeared like he was trying to keep up to some degree and even martha getting widespread praise for most of the debate ending it with softball questions letting people think maybe it went on 20 minutes too long. >> again, the economy and jobs was brought up. biden had strong points where he took some of the shots that the left criticized president obama for not taking in the last debate. i guess the question becomes was he too strong at times and we'll have to see what some pundits say. >> there's a lot of discussion about unforced errors on ryan's part. you don't bring up and automobile crash when you're with the vice president who has personal experience and you don't mention jack ke
taxes came up. i have to say, carl, i still don't feel i know a lot more about what their tax plans are and don't feel we got a lot of specifics out of that. >> so much attention tonight and tomorrow is focused on style, namely the laughter and grins that came from the vice president early on. the degree to which ryan appeared like he was trying to keep up to some degree and even martha getting widespread praise for most of the debate ending it with softball questions letting people think...
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vote for a tax cut. liz: for lower brackets. >> but reality this is -- this is kind of side show tactics, whether people want to -- revenues have to go up, hav we e to cut spending and maybe stimulus but they have to happen, and there is no getting around it they can hide behind whatever gimmick they want but we have to do all of the above. liz: what is the market reaction to that move, if they say we're going with as if call clifs -- s a bill that says raising taxes on upper bracket. >> if they did that it would be well telegraphed, i don't think they would do it in a subtle way. the market react that shows fiscal responsibility is a positive. liz: markets are not reacting. >> markets are benign about this the biggest danger for markets is a policy is make and chaos. >> do you think what we've seen -- we've seen an economy distorted by bubbles, like the economy has been on platform shoes, and i feel like, we have -- market -- some analyst some people, have been drained of all common sense, like they are
vote for a tax cut. liz: for lower brackets. >> but reality this is -- this is kind of side show tactics, whether people want to -- revenues have to go up, hav we e to cut spending and maybe stimulus but they have to happen, and there is no getting around it they can hide behind whatever gimmick they want but we have to do all of the above. liz: what is the market reaction to that move, if they say we're going with as if call clifs -- s a bill that says raising taxes on upper bracket....
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taxes or not support a tax reduction. 94 times. now, that's not what we need to create jobs and really bolster and heat up our economy. we do need the private sector to be able to keep more of what we earn and produce. government's going to have to learn to be more efficient and live with less if that's what it takes to rein in the government growth that we've seen today. but we do need tax relief, and barack obama even supported increasing taxes as late as last year for those families making only $42,000 a year. that's a lot of middle income, average american families, to increase taxes on them? i think that is a way to kill jobs and continue to harm our economy. >> moderator: senator? biden: charge is absolutely not true. barack obama did not vote to raise taxes. the vote she's referring to, john mccain voted the exact same way. it was a budget procedural vote. john mccain voted the same way, it did not raise taxes. number two, using the standard that the governor uses, john mccain voted 477 times to raise taxes. it's a bogus sta
taxes or not support a tax reduction. 94 times. now, that's not what we need to create jobs and really bolster and heat up our economy. we do need the private sector to be able to keep more of what we earn and produce. government's going to have to learn to be more efficient and live with less if that's what it takes to rein in the government growth that we've seen today. but we do need tax relief, and barack obama even supported increasing taxes as late as last year for those families making...